Phil Frohlich‘s Prescott Group Capital Management, has reported a position in 4Licensing Corp (OTCMKTS:FOUR) via a 13D filing with the US Securities and Exchange Commission. The filing showed that Prescott Group owns some 6.05 million shares of 4Licensing Corp, which represent 32.5% of the company’s outstanding stock.
In addition, the investor added that 4Licensing’s sole Board member had resigned after the assessment of the company’s financial situation and the termination of the company’s Directors and Officers. In this way, Prescott decided to appoint its representative to the company’s board in “an attempt to maximize the value of [the company’s] remaining assets”.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| PRESCOTT GROUP CAPITAL MANAGEMENT | 6,046,084 | 0 | 6,046,084 | 0 | 6,046,084 | 32.5% |
| PRESCOTT GROUP AGGRESSIVE SMALL CAP | 0 | 6,046,084 | 0 | 6,046,084 | 6,046,084 | 32.5% |
| PRESCOTT GROUP AGGRESSIVE SMALL CAP II | 0 | 6,046,084 | 0 | 6,046,084 | 6,046,084 | 32.5% |
| PHIL FROHLICH | 6,046,084 | 0 | 6,046,084 | 0 | 6,046,084 | 32.5% |
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Page 1 of 7 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 6)
(Rule
13d-101)
Under the Securities Exchange Act of 1934
4Licensing Corporation
(Name of Issuer)
Common
Stock, $0.01 par value
(Title of Class of Securities)
35104T107
(CUSIP NUMBER)
Phil Frohlich
1924 South Utica, Suite #1120
Tulsa, Oklahoma 74104-6429
(918) 747-3412
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
– with copies to –
Eliot D. Raffkind
Akin,
Gump, Strauss, Hauer & Feld, L.L.P.
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
February
29, 2016
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box x.
The
information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the Act), or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act.